Canadian lithium-ion battery manufacturer Electrovaya has bought German chemical maker Evonik Litarion.
The deal includes a portfolio containing more than 70 protective rights and patents related to chemical cell components for lithium-ion batteries, including electrolytes and electrodes.
Electrovaya also secured the licensing of the intellectual property to Evonik’s ceramic composite separator ‘SEPARION’.
The transaction includes automated production plants for electrodes and separators, with a rated capacity of 0.5 Gigawatt hours (GWh) of electrodes and 10 million m2 of ceramic separators.
An exclusive license to distribute and sub-license, form joint ventures, expand production within Germany, and establish additional plants in Asia and elsewhere, formed part of the deal.
It also included a state of the art lithium-ion electrode and ceramic composit separator manufacturing facility in Europe.
Products from the plant will be expanded to include the grid-scale energy storage, aerospace, micro-grids and marine industries markets.
Picture: Sankar Das Gupta, Ph.D, DIC Chairman & Chief Executive Officer, Co-Founder